Manta Software, Inc.

Founded in 2016 and headquartered in New York, Manta Software specializes in providing data observability and lineage solutions to help organizations manage their data effectively and enhance business intelligence. Manta Software, Inc. offers data observability software that helps companies understand their data lineage and usage. The firm was founded by Tomas Kratky, who has experience in launching other technology ventures.

The company has secured a total of USD 35. 00 mn through its Series B funding round in October 2023, led by Forestay Capital, with other notable investors including Bessemer Venture Partners and SAP. iO. Manta Software has completed 6 deals since its inception, demonstrating its growth and investment interest in the data management sector.

Manta Software provides advanced data observability and lineage tools, allowing organizations to visualize and understand data flow and dependencies within their systems. Their solutions support clients in improving data governance, compliance, and overall data management processes, catering to a wide range of industries with complex data infrastructures. Manta Software generates revenue through subscription-based models for its software services, allowing organizations to access and utilize its data observability solutions effectively. Clients engage in annual contracts that cover various aspects of data management and observability, establishing a recurring revenue stream that supports the company's operational sustainability.

In October 2023, IBM Corporation acquired Manta Software, Inc. from a group of investors to enhance its watson. x AI offerings. This acquisition represents a strategic move to integrate Manta's capabilities into IBM's portfolio, signaling a commitment to expanding their data observability and AI-driven solutions in the market.